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How much do quantitative research internships jobs pay per year?

As of Aug 11, 2026, the average yearly pay for quantitative research internships in the United States is $100,127.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,500.00 and $103,000.00 per year, depending on experience, location, and employer.

What kinds of projects or tasks does a quantitative research intern typically work on during their internship?

Quantitative Research Interns often work on analyzing large datasets, developing statistical models, back-testing trading strategies, and assisting with the interpretation of empirical results. They may also conduct literature reviews, prepare technical reports, and present findings to more senior researchers or team leaders. Interns usually collaborate closely with quantitative analysts, data scientists, and portfolio managers, gaining exposure to real-world business challenges in financial or research-driven industries. This hands-on experience not only enhances their technical skills but also provides valuable insight into how quantitative research supports strategic decisions.

What are the key skills and qualifications needed to thrive as a quantitative research intern, and why are they important?

To thrive as a Quantitative Research Intern, you need a solid background in mathematics, statistics, and data analysis, often supported by coursework in quantitative disciplines such as finance, economics, or computer science. Proficiency with programming languages like Python, R, or MATLAB, and familiarity with data visualization and statistical software, are highly valued. Strong analytical thinking, attention to detail, effective communication, and teamwork abilities make candidates stand out. These skills are crucial for analyzing complex datasets, generating actionable insights, and contributing effectively to high-impact research projects.

What is a quantitative research internship?

A Quantitative Research Internship involves using mathematical models, statistical analysis, and programming to analyze financial markets, develop trading strategies, or improve risk management. Interns typically work with large datasets, implement algorithms, and collaborate with researchers to generate insights. These roles are common in finance, hedge funds, and technology-driven trading firms. Strong analytical skills, proficiency in languages like Python or C++, and knowledge of statistics and machine learning are often required.

More about Quantitative Research Internships jobs
What cities are hiring for Quantitative Research Internships jobs? Cities with the most Quantitative Research Internships job openings:
What states have the most Quantitative Research Internships jobs? States with the most job openings for Quantitative Research Internships jobs include:
Infographic showing various Quantitative Research Internships job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 1% As Needed, 87% Full Time, 9% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $100,127 per year, or $48.1 per hour.

Quantitative Research Intern, Summer 2027

Akuna Capital

Chicago, IL โ€ข On-site

$145K/yr

Other

Posted 28 days ago


Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker - meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm's first office in 2011 in the heart of the derivatives industry and the options capital of the world - Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore.

What you'll do as a Quantitative Research Intern at Akuna:

Akuna's Quant team is looking to add Quant Research Interns to a team of mathematicians, statisticians and technologists for our 10-week Akunacademy internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna's strategy portfolio. In this role you will:

  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:

  • Pursuing a bachelor's, masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must graduate by August 2028
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

Resumes must be submitted in PDF format.

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest.

In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate's experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.